TOP PAGE
ENGLISH
JAPANESE
|
CONNECT WITH US:
Home
About
Services
Contact
Log in
*
Home
Press release
May 13, 2021 18:29 JST
Source:
Mitsubishi Power, Ltd.
Mitsubishi Power Achieves #1 Market Share Globally in the First Quarter of 2021 According to McCoy Power Report
- No. 1 in the global gas turbine market with a 29.0% share
- 40.8% share of heavy-duty gas turbine market
YOKOHAMA, Japan, May 13, 2021 - (JCN Newswire) - Mitsubishi Power, a subsidiary of Mitsubishi Heavy Industries (MHI) Group, captured the top market share by megawatts in the first quarter of 2021 with a global gas turbine market share of 29.0% according to McCoy Power Reports data.* The company also secured 40.8% share of the heavy-duty gas turbine (HDGT) market, representing single unit output of 100 megawatts (MW) and above, led by Mitsubishi Power's latest model JAC (J-Series Air-Cooled) gas turbines.
Mitsubishi Power's high market share results from its strong project execution track record, high performance, and product reliability. Mitsubishi Power has extensive experience with large gas turbines, including the F, G and J series. The G series has surpassed 5.6 million actual operating hours (AOH) with 94 units now in commercial operation. The J series has surpassed 1.3 million AOH with 46 units now in commercial operation, and has 99.6% reliability.
In the HDGT market, which is the most popular segment for combined cycle gas turbines, the JAC is the world's leading gas turbine with an efficiency greater than 64%. It meets rigid standards for reduced carbon emissions, offering the lowest emissions in its class.
Another feature boosting Mitsubishi Power's leading global status is that all heavy-duty gas turbines now ship with hydrogen capability for even deeper decarbonization. As delivered, the gas turbines are capable of operating on a mixture of up to 30% hydrogen and 70% natural gas, which can be increased to 100% hydrogen in the future.
A key contributor to Mitsubishi Power's market share is the recent order for two M701JAC gas turbines for a 1,500 MW combined cycle power plant that is under construction in Sirdarya, the Republic of Uzbekistan. This is the first large-scale independent power producer project in the country, and once installed, the turbines will be the largest and most efficient in the Commonwealth of Independent States (CIS) region. The order also underscores Mitsubishi Power's deep commitment to the CIS region.
"Mitsubishi Power continues to be recognized as both a market and industry leader, once again receiving top global market share behind the strength of the JAC," said Ken Kawai, President and CEO of Mitsubishi Power. "We are eager to continue working with our customers and partners worldwide to lay the groundwork for a path toward a power sector that is completely carbon-neutral."
*This is based on the McCoy Power Report in the United States, which provides detailed market research. on global power generation projects.
Source: Mitsubishi Power, Ltd.
Sectors: Energy, Alternatives
Copyright ©2025 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Related Press Release
Mitsubishi Power Receives Order for Facility Retrofit at the Darajat Geothermal Power Plant in Indonesia
October 28 2024 14:35 JST
Mitsubishi Power Completes Construction of 50MW Woody Biomass-fired Power Plant in Hyuga, Miyazaki Prefecture
October 16 2024 19:07 JST
Mitsubishi Power Underscores Progress to Fastrack Hydrogen Ecosystem Development at COP28
December 13 2023 16:26 JST
Alba marks important milestone in PS5 Block 4 Project with the arrival of Mitsubishi Power M701JAC Gas Turbine
October 25 2023 14:16 JST
Alba Chairman visits Mitsubishi Heavy Industries facilities in Japan
July 04 2023 11:12 JST
Mitsubishi Power Achieves #1 Global Gas Turbine Market Share in 2022 According to McCoy Power Report
March 09 2023 12:40 JST
Origis Energy and Mitsubishi Power to Bring Battery Energy Storage Projects to the Southeast United States
December 21 2022 10:04 JST
Mitsubishi Power, Government and Industry Leaders Discuss Energy Security and Transition at 2022 Gas Turbine Technical Seminar in Bangladesh
December 13 2022 18:09 JST
Mitsubishi Power Receives 55MW Geothermal Power Plant Order from Pertamina
December 05 2022 14:26 JST
Mitsubishi Power to Upgrade Two Gas Turbines at Tuas Power to Achieve 16.9 kilo-tonnes of Carbon Emissions Reduction Annually
November 30 2022 13:55 JST
More Press release >>
Latest Press Release
JCB Announced Premier Sponsorship for the 10th Edition of Sakura 2025 at Singapore's Gardens by the Bay
Mar 11, 2025 18:00 JST
Hitachi Energy invests additional $250 million USD to address global transformer shortage
Mar 11, 2025 17:49 JST
Eisai Recognized as "2025 Kenko Investment for Health" for the First Time and Certified as "Outstanding Organization Of Kenko Investment for Health Program (White 500)" for the Sixth Time
Mar 10, 2025 20:24 JST
CEPI funds Nagasaki University to develop innovative vaccines using Nanoball platform and NEC's AI
Mar 10, 2025 12:10 JST
Japan's Telecommunications Carriers Enhance Disaster Response with On-site Training for Joint Use of Marine Vessels
Mar 07, 2025 16:24 JST
NEC improves the energy efficiency and floor space density of 5G Mobile Core systems
Mar 06, 2025 13:20 JST
Unmanned Aerial Vehicles Being Developed by MHI Used in Demonstration of Automated Transport and Unloading of Heavy Cargo in Disaster Areas
Mar 05, 2025 16:11 JST
Eisai: Update on the Co-Promotion of the Oral Antifungal Agent Nailin Capsules 100mg in Japan
Mar 05, 2025 09:09 JST
MHI-MS Completes Domestic Development of Vehicle Transport Robot
Mar 04, 2025 19:39 JST
Eisai Receives Regulatory Review Outcome for Lecanemab as a Treatment for Early Alzheimer's Disease in Australia
Mar 04, 2025 17:22 JST
Prideone Entertainment announces concept for post-war film to mark 80th anniversary of the end of World War II
Mar 04, 2025 16:00 JST
NTT and DOCOMO Successfully Demonstrates On-Demand Unified Control of Computing Services Through Network and Service Integration
Mar 03, 2025 20:25 JST
Space Compass and NTT DOCOMO Successfully Demonstrate Data Connectivity to 4G Devices via HAPS at 20 km Above Kenya
Mar 03, 2025 20:14 JST
TOPPAN and DOCOMO Agree to Innovate Next-Generation 6G Services Using FEEL TECH Communication Technology
Mar 03, 2025 18:32 JST
Rakuten Mobile Partners with Fujitsu to Accelerate 5G Network Expansion
Mar 03, 2025 18:23 JST
Fujitsu unveils 1FINITY 800G ZR/ZR+ coherent pluggable transceivers
Mar 03, 2025 17:58 JST
NEC develops and commercializes 5G-compatible virtualized base stations (vRAN)
Mar 03, 2025 17:42 JST
MHI-MS Delivers Merging Support Information System for Autonomous Truck Trial Project by MLIT
Mar 03, 2025 16:09 JST
"Fatigue Recovery While You Sleep!" Eisai to Launch Designated Quasi-Drug Drink "Chocola BB Nightwell"
Mar 03, 2025 15:41 JST
The Committee for Medicinal Products for Human Use (CHMP) Reaffirms Positive Opinion for Lecanemab in Early Alzheimer's Disease
Mar 03, 2025 13:53 JST
More Latest Release >>